Investors purchased shares of Affiliated Managers Group, Inc. (NYSE:AMG) on weakness during trading on Tuesday. $44.14 million flowed into the stock on the tick-up and $26.37 million flowed out of the stock on the tick-down, for a money net flow of $17.77 million into the stock. Of all stocks tracked, Affiliated Managers Group had the 39th highest net in-flow for the day. Affiliated Managers Group traded down ($2.75) for the day and closed at $174.36

A number of brokerages have recently issued reports on AMG. Jefferies Group LLC reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Affiliated Managers Group in a research note on Friday, August 18th. BidaskClub cut shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Citigroup Inc. cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $180.00 price objective for the company. in a research note on Monday, June 5th. ValuEngine cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $195.50.

The company has a 50-day moving average of $177.58 and a 200 day moving average of $166.34. The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 19.16 and a beta of 1.66.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, July 31st. The asset manager reported $3.33 EPS for the quarter, topping the Zacks’ consensus estimate of $3.24 by $0.09. The business had revenue of $570.90 million during the quarter, compared to the consensus estimate of $573.73 million. Affiliated Managers Group had a net margin of 22.99% and a return on equity of 17.45%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.07 earnings per share. Equities research analysts predict that Affiliated Managers Group, Inc. will post $14.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a $0.20 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Affiliated Managers Group’s dividend payout ratio is presently 8.87%.

In other Affiliated Managers Group news, CEO Sean M. Healey sold 56,928 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $161.07, for a total value of $9,169,392.96. Following the completion of the transaction, the chief executive officer now directly owns 206,689 shares in the company, valued at $33,291,397.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AMG. State of Alaska Department of Revenue acquired a new position in shares of Affiliated Managers Group during the first quarter valued at about $104,000. Creative Planning increased its holdings in shares of Affiliated Managers Group by 15.0% during the second quarter. Creative Planning now owns 705 shares of the asset manager’s stock valued at $117,000 after acquiring an additional 92 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of Affiliated Managers Group by 46.2% during the second quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock valued at $120,000 after acquiring an additional 228 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Affiliated Managers Group by 2.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock valued at $125,000 after acquiring an additional 16 shares in the last quarter. Finally, Financial Architects Inc increased its holdings in shares of Affiliated Managers Group by 2.1% during the second quarter. Financial Architects Inc now owns 833 shares of the asset manager’s stock valued at $138,000 after acquiring an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 96.17% of the company’s stock.

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About Affiliated Managers Group

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

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